Regular Savings Accounts: The Best Currently Available List!

Section62

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

karlie88 said:

Transferred over £2650  from santander monthly saver that was earning 2.5% (must have missed the newer 2.75% acc) to their new easy access account.

Re: amount, if you know, you know.

You can pay the whole of the last maturing RS in on the first payment of the new? I could never get it to work.

It's been transferred to new easy access account not RS.

Obviously. But her(?) tease is about how come she has more than 12 monthly payments earning in a Santander 12 month Reg Saver, max £2400.

Only the overly sensitive people around would  find that a tease, it used to be that we could freely give tips about making a 13th payment on acxounts until these very same overly sensitive people objected to that too!! Now subtle hints seem to cause a problem to some! 

It's not about the 13th payment: You dont get to £2650 from £200 pm.

You do if make 13 payments of £200 and get about £50 interest as OP didn't specify exactly £2650! 

I think it is reasonable to suggest you probably won't be getting the elaboration you might be seeking here on a public forum...

...it might be better if we all went back to discussing "Regular Savings Accounts: The Best Currently Available List", rather than speculate on people's sensitivities etc.

Bridlington1

For anyone trying to close their Santander regular saver, who lives or works near a Santander branch, don't bother with the chat service. I've just closed my Santander regular saver in branch. A couple of hours later the account was closed and the interest was in my Santander eSaver. It only took about 2 minutes of my time in total so certainly beats waiting however long on the end of a chat service or listening to hold music.

Nick_C

Bridlington1 said:

For anyone trying to close their Santander regular saver, who lives or works near a Santander branch, don't bother with the chat service. I've just closed my Santander regular saver in branch. A couple of hours later the account was closed and the interest was in my Santander eSaver. It only took about 2 minutes of my time in total so certainly beats waiting however long on the end of a chat service or listening to hold music.

I asked for it to be closed using the chat bot last night.  Was processed this morning.  Quick and easy.

ForumUser7

From the 18th October the rates for amounts over £1,001 on the NatWest and RBS digital regular savers are increasing. £1-£1000 will still be 5.12%, but £1,001 - £5,000 will be 1% (up from 0.50%) and over £5,000 will be 0.50% (up from 0.40%).

[Deleted User]

I know that closing the recently opened Santander Regular Saver at 2.75% would seem to be the sensible option now that there is the instant access E Saver at the same rate. However I am always loath to close a regular saver before its term is up just for the sake of it. My reluctance stems from the possibility that I might be "punished" for early closing by being locked out of some new souper-douper RS offer further down the line. Does anyone see any disadvantage in just keeping the 2.75% RS going in parallel with the E Saver, or am I missing something?

Bridlington1

Deleted_User said:

I know that closing the recently opened Santander Regular Saver at 2.75% would seem to be the sensible option now that there is the instant access E Saver at the same rate. However I am always loath to close a regular saver before its term is up just for the sake of it. My reluctance stems from the possibility that I might be "punished" for early closing by being locked out of some new souper-douper RS offer further down the line. Does anyone see any disadvantage in just keeping the 2.75% RS going in parallel with the E Saver, or am I missing something?

You have to fund the regular saver by standing order from your current account. You thus lose a day's interest unless you have a 0% overdraft or usually keep £200+ in your current account anyway. There's no harm in just keeping the regular saver open and not making any more contributions though.

Nick_C

Don't see any reason for keeping the Santander RS @ 2.75%.  It's a fixed rate of interest.  If Santander brings out a new RS with a better rate, you will need to close the existing one to open the new one. 

finspaniard

Lloyds Group (Lloyds, Halifax, etc) seems to be one of the few that only allow open a new RS every 12 months. The rest don't seem to care.

I've haven't closed my RS at Lloyds, but it will be a matter of days. There is no point. Even if they bring a 5%, I'll be unable to open it until next year.

Nick_C

finspaniard said:

Lloyds Group (Lloyds, Halifax, etc) seems to be one of the few that only allow open a new RS every 12 months. The rest don't seem to care.

TSB has the same restriction. 

london21

Just opened the Snatander esaver account offering 2.75%. Money has been sitting in the santander and barclays account gaining nothing.

Now can get some interest whilst I decide where to invest the money.